Why Did Kirill Kaprizov Reject the Record $128 Million Contract Extension?

Kirill Kaprizov has shocked the NHL world by turning down a record-setting offer from the Minnesota Wild. The eight-year, $128 million deal would have made him the highest-paid player in league history. His rejection raises major questions about his future with the team.

The contract carried an average annual value of $16 million. That figure tops Edmonton Oilers forward Leon Draisaitl, who currently holds the highest cap hit at $14 million per year. According to reports from multiple NHL insiders, Kaprizov’s camp chose not to move forward.

What Made This Deal Historic?

The proposed extension would have placed Kaprizov at the very top of NHL salaries. No player has signed a contract worth more in total dollars or annual value. The Minnesota Wild were prepared to make him the cornerstone of their franchise for nearly a decade.

But Kaprizov’s refusal suggests he may see greater value waiting for free agency. His current contract runs through the 2025-26 season. It was signed in 2021 for five years at $45 million and includes a no-move clause.

Kaprizov’s Impact and Why It Matters

The Russian winger is Minnesota’s most important player. Even after missing 41 games with a lower-body injury last season, he still recorded 25 goals and 31 assists. Before that, he delivered three straight 40-goal campaigns, including a career-high 47 goals in 2021-22.

Since entering the league in 2020, Kaprizov has won the Calder Trophy and appeared in three All-Star Games. He is widely considered one of the NHL’s most dynamic scorers. Losing him would leave the Wild without their main offensive weapon.

Looking Ahead to 2026 Free Agency

If Kaprizov does not sign, he will be part of a loaded 2026 free agent class. That list could also include Connor McDavid, Jack Eichel, Kyle Connor, and Adrian Kempe. Such a group would create one of the most competitive markets in NHL history.

For now, Minnesota fans face uncertainty. Kaprizov will play out the final year of his deal, but speculation about his long-term future will only grow. His decision could reshape not only the Wild but also the entire league landscape.

Kirill Kaprizov’s rejection of this record contract is a turning point. His next choice will define the future for him, the Wild, and the NHL.

A quick knowledge drop for you-

Q1: Why did Kirill Kaprizov reject the record contract?

His camp has not given a clear reason. Many believe he wants to test free agency in 2026 for more options and value.

Q2: How much was the contract worth?

The Minnesota Wild offered eight years and $128 million. That equals $16 million per year, a league record.

Q3: How does this compare to current top NHL salaries?

Leon Draisaitl earns $14 million annually. Kaprizov’s deal would have passed that by $2 million per season.

Q4: What are Kaprizov’s recent stats?

He scored 25 goals and 31 assists in 2024-25 despite missing 41 games. He had three straight 40-goal seasons before that.

Q5: When will he be a free agent?

Kaprizov can hit free agency in the summer of 2026. He is under contract for one more season with Minnesota.